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Virgen De Chapi De Yanacoto Group
In this Group: Bacilia, Hilza Maruja, Feliciana, Ines Asiria, Calixta Dominga, Lucy Edith, Jaqueline Elvaluz, Maria Candelaria
“Virgen D. Chapi D. Yanacoto” is one of the most united community banks that we have in our agency. The members have been working with EDAPROSPO for 6 years. One of the longest-standing members of this group is 48 year-old Basilia. Basilia is a single mother with four children, one of whom is still a minor. She works in a number of business activities such as: selling clothes to order, selling 'cebiche' (marinated fish) and selling fruit. She makes all of her sales as an itinerant street vendor. She also makes jewelry (necklaces and bracelets). The small income she makes from this work helps her to cover her youngest son's education expenses and her household expenses.

Basilia requested her loan from EDAPROSPO in order to buy jewelry materials (murano glass, cat's-eyes, natural stones, elastic and cotton) for making bracelets and necklaces that her customers have requested from her. She will also make sportswear and shirts for the back-to-school season.

Basilia would like to improve her home so that she can have her own work space. In the photo you can see the 8 members of the group and Inés' husband who goes everywhere with her in order to help her get about since she has a small disability.
View original language description ↓
“Virgen D. Chapi D. Yanacoto”, es una D. las Alcancías más unidas que tenemos en nuestra agencia ellos trabajan desD. hace 6 años con EDAPROSPO, una D. las integrantes más antiguas D. este grupo es Basilia, ella tiene 48 años D. edad es madre soltera tiene cuatro hijos y uno D. ellos es aún menor D. edad, Basilia se dedica a distintas labores como: vender pedidos D. ropa, venta D. cebiche y frutas, todas estas labores las realiza como ambulante. Además D. estas actividades, también realiza trabajos D. bisutería(collares,pulsera), el pequeño ingreso que percibe D. estas labores le ayudan a cubrir los gastos D. educación D. su menor hijo y los gastos D. las casa. Ella solicitó el préstamo a EDAPROSPO con la finalidad D. comprar materiales D. bisutería (muranos, ojo D. gato, piedras naturales, elástico y algodón) para hacer pulseras, collares que le solicitaron sus clientes, también buzos y camisas para la campaña escolar. A Basilia le gustaría mejorar la construcción D. su casa y para así poder tener un puesto D. trabajo propio. En la fotografía se pueD. apreciar a las 8 integrantes más el esposo D. la Sra. Inés, él la acompaña a todas partes para ayudarla a movilizarse ya que ella tiene una pequeña discapacidad.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $6,715
    Average annual income
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,967,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Chapi De Yanacoto Group's $2,375 loan helped a member to buy materials for making jewelry, sportswear and shirts for the back-to-school season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2011
Listed
Jan 13, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011